EUR Trading Outlook (10-04-2014)

AUD/USD: A break of the 0.9400 barrier would lead the bulls to a push towards November high at 0.9448. Current pivot point for the AUD is at 0.9330 and support comes in at 0.9295 and 0.9250.

EUR/USD: Initially, tight ranges were being played on the pair as sold offering interest in the 1.3810/20 area. ECB member stated a negative deposit rate is a possibility and that the ECB must have flexibility to mix sov & private asset buys in any QE program. However, limited bear push only made the pair drop to 1.3797. The dovish FOMC minutes helped the bulls pushed to a high of 1.3858, market will now be eyeing on the 1.3880 resistance level.